First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) Reaches New 52-Week High – Here’s Why

First Trust Health Care AlphaDEX Fund (NYSEARCA:FXH) hit a new 52-week high on Tuesday . The company traded as high as $127.77 and last traded at $127.5610, with a volume of 9756 shares trading hands. The stock had previously closed at $125.11.

First Trust Health Care AlphaDEX Fund Trading Down 0.0%

The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 16.75 and a beta of 0.73. The stock has a 50-day simple moving average of $119.97 and a 200-day simple moving average of $115.47.

Institutional Investors Weigh In On First Trust Health Care AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp grew its stake in First Trust Health Care AlphaDEX Fund by 59.6% in the first quarter. Jones Financial Companies Lllp now owns 3,819 shares of the company’s stock worth $396,000 after purchasing an additional 1,426 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of First Trust Health Care AlphaDEX Fund during the first quarter worth $871,000. MML Investors Services LLC lifted its position in shares of First Trust Health Care AlphaDEX Fund by 9.9% in the 2nd quarter. MML Investors Services LLC now owns 14,723 shares of the company’s stock worth $1,526,000 after buying an additional 1,330 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of First Trust Health Care AlphaDEX Fund by 1,822.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 846 shares of the company’s stock worth $87,000 after buying an additional 802 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of First Trust Health Care AlphaDEX Fund by 570.8% in the 2nd quarter. Corient Private Wealth LLC now owns 30,990 shares of the company’s stock valued at $3,213,000 after buying an additional 26,370 shares during the period.

About First Trust Health Care AlphaDEX Fund

The First Trust Health Care AlphaDEX Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the StrataQuant Health Care Index. The StrataQuant Health Care Index is an index developed, maintained and sponsored by the NYSE Group, Inc or its affiliates (NYSE), which employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index.